Tag: Consultant’s Reference Guide
How to Record Sales on Consignment in QuickBooks Part 4 – Consignee – Sales Transactions and Reports
We’ve talked about how to set up items for consignee sales in QuickBooks, now let’s look at how to record sales transactions for the consignee. The example in the video above and that you are about to read about comes right out of The Sleeter Group’s QuickBooks Consultants Reference Guide. When you receive consignment goods [...]
How to Record Sales on Consignment in QuickBooks – Part 3 – Consignee – Setting up Accounts and Items
Now that we’ve seen how to deal with the Consignor side of recording sales on consignment in QuickBooks (Consignor – recording sales and Consignor – sales transactions and reports), let’s talk about how to work with QuickBooks if you are the Consignee. The example in the video above and that you are about to read [...]
How to Record Sales on Consignment in QuickBooks – Part 2 – Consignor – Sales Transactions and Reports
Now that you’ve seen how to setup QuickBooks for sales on consignment you are ready to start entering transactions for selling inventory as consignor. Remember that this amounts to managing and tracking your inventory, which means being able to keep track of what you have in stock vs what is out on consignment. You need [...]
How to Record Sales on Consignment in QuickBooks – Part 1 – Consignor
Many retail businesses are engaged in the practice of selling on consignment. This means that the owner of the products places them in the hands of a store owner and that store owner only pays for the goods they sell. This keeps the risk entirely on the owner of the goods and not the person [...]
Using QuickBooks Zero-Dollar Checks to Record Payroll Costs by Job and Class
See a video of Doug Sleeter demonstrating this process: If you use an outside payroll service (or payroll software from a source other than Intuit) to process your payroll, using zero-dollar checks may be the easiest way to enter job cost payroll expenses. One advantage to this method is that it does not require you [...]
Handling Consignment Goods with QuickBooks
There are two sides of tracking consignment goods: From the perspective of the Consignor, the person who is placing goods into someone else’s possession for them to sell, and from the perspective of the Consignee, the person who is selling goods that belong to someone else. In this article we’ll talk about how to use [...]
Receiving Two-Party Checks in QuickBooks
There are times when you may receive a “two-party check”, often in the constructions industry. This is a check that is payable to two companies, usually the prime contractor and a materials supplier, or other subcontractor. Let’s take a look at how you would handle this in QuickBooks.
Why Do Some QuickBooks Accounts Begin with * ?
When you are working with your Chart of Accounts in QuickBooks you may notice some accounts that have an asterisk ( * ) at the start of the name – often as a duplicate of another account. What does this mean?
Adjusting QuickBooks Items with Zero-Dollar Checks
If you use Items to track the details of your expenses or costs, you may need to enter adjustments to the Items as well as the Accounts to which the Items are assigned. Here is a quick tip on how to accomplish this easily.
Connect
Connect with us on the following social media platforms.